Why is this happening!? Can you believe insurance carriers have seen premiums drop by as much as 45% over the last three years? When workers’ comp invests their reserves conservatively, this means they are getting an average of 2 to 3% return. You can imagine no company will survive long losing 22%.

What does this mean for your company? It means a 10 to 15% increase in your premiums for the coming year. Bend over… Combine this with the changes that are coming to how the NCCI calculates your experience modification factor. Many companies could be looking at premiums going up again even higher in 2013. (We will talk about this near death experience next week.)

What can you do? First, make friends with someone who specializes in workers’ compensation. (me! Wink, wink) Someone who can explain how the new NCCI formula will affect your company and empower you in the management of your claims. You don’t have to be a psychic to get an accurate projection of what your experience modification factor will look like for 2013.

Don’t get lost in space and time. Call me, I can help you through this time of turmoil.

About Us

The Buckner Company is a third-generation, family-owned business led by President and CEO Terry H. Buckner. Rooted in the Great Depression, when Terry's grandfather Elmer Ray first started the firm, the company began a tradition of placing customer service ahead of profits. Today, that tradition is still alive and well. But customer service is just one reason The Buckner Company has a client retention rate of 95%. The average tenure of our producers and staff is nearly 20 years, so we have the knowledgeable, experienced professionals necessary to make sure you and your business are given the best advice and service available.